• Chemed average current ratio for 2023 was 1.25, a 68.92% increase from 2022.
• Chemed average current ratio for 2022 was 0.74, a 19.57% increase from 2021.
• Chemed average current ratio for 2021 was 0.92, a 10.84% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.